Can you overdraft?


#1

Ok apologies for this silly query, but what happens if you try to withdraw more money than you have in your app ? Do you get a charge for that or just cancelled transaction due to insufficient funds?


#2

Hey DJ

It is not possible to do an overdraft. The transaction will simply be declined. This is also why offline transactions are not supported.


#3

Offline meaning swipe transactions?


#4

have you bought things on an airplane? the transactions processed later


#5

Ah… I see.

One is always learning :smiley:


#6

allegedly they will be able to offer you an overdraft once they get the banking licence.


#7

Oh I don’t want an overdraft. I was just wondering if it was possible to ‘overdraw’…like withdrawing too much from an ATM, and wondered if I would be charged for that, as an example.


#8

I am confused as I went overdrawn on Tuesday by -£21.85. I did not realise until today and topped up £50, and now my balance is £28.15. Clearly you can become overdrawn and I can’t find a way to turn it off.